Tag: Firm

Gas-to-Bitcoin Firm Crusoe Energy Acquires the Operating Assets of Great American Mining – Mining Bitcoin News

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The Denver-based gas-to-bitcoin infrastructure company Crusoe Energy announced on Wednesday that it acquired the operating assets of Great American Mining (GAM). The acquisition gives Crusoe over 10 megawatts (MW) of mining capacity and 4,000 ASIC mining rigs. Digital Flare Mitigation Firm Crusoe Energy Acquires Great American Mining’s Assets, Acquisition Adds Approximately 9% to Company’s Capacity On October 12, 2022, the digital flare mitigation (DFM) company Crusoe Energy announced that it has acquired the assets of Great American Mining (GAM). Through the deal, not only does Crusoe get 10 MW of…

Block Subsidiary Spiral, Mining Tech Firm Braiins Spearhead Push for Bitcoin Mining Upgrades

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Spiral, under Jack Dorsey’s Block, which has pledged to make mining more decentralized, supports three developers of Stratum V2 – Matt Corallo, Fi3 and Pavlenex. Other core contributors are Rachel Rybarczyk of Galaxy Digital; 4ss0, who is a pseudonymous developer financed by Foundry; Chris Coverdale, an independent developer financed by BitMEX; and Lorenzo Bonazzi of Summer of Bitcoin, according to the press release. Original

Brokerage Firm Bernstein Says NFTs Are Not Dead

“NFTS are not dead,” analysts Gautam Chhugani and Manas Agrawal wrote, noting that well known collections such as the Bored Ape are still holding a floor price of $100,000, and the number of active monthly users on OpenSea is stable at about 360,000, down about 35% from a high of around 550,000. Source

Kenyan Firm Using Wasted Energy to Mine Bitcoin — Business Model Said to Potentially Help Decentralize Mining – Mining Bitcoin News

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A Kenyan bitcoin mining company, Gridless, recently revealed how it is helping local communities reduce electricity costs by using excess generated power to mine bitcoin. The Gridless model has been hailed because it potentially helps to decentralize bitcoin mining as well as move some hashpower to Africa. Using Wasted Energy to Mine Bitcoin Gridless, a Kenya-based crypto mining company, has said the excess electricity from mini-grid hydro generators is now being used to mine bitcoin. The revenue generated from bitcoin mining helps to reduce or subsidize the cost of electricity.…

Hong Kong-Based Asset Management Firm Acquires Controlling Stake in Asian Crypto Exchange Huobi – Bitcoin News

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Li Lin’s controlling stake in Huobi, one of Asia’s largest cryptocurrency exchanges, was recently acquired by About Capital Management for an undisclosed sum. Huobi’s acquisition by the Hong Kong-based asset management firm came shortly after the crypto exchange had exited the Chinese market. Lin’s Arrest in 2020 a Key Event for the Huobi Founder The Hong Kong-based asset management company, About Capital Management, recently became the biggest shareholder in the crypto exchange Huobi after it acquired founder Li Lin’s stake in the firm. The Asian crypto exchange’s acquisition by the…

New Paypal Policy Lets Firm Fine Users $2,500 for Spreading ‘Misinformation,’ ToS Condemned and Called an ‘Abomination’ – Bitcoin News

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A new Paypal user policy that permits the company to fine users $2,500 for spreading “misinformation” has caused quite a stir on social media platforms. After November 3, anyone who posts or publishes information or content to “promote misinformation” will be subject to the penalty. Paypal’s New User Agreement Clause Says It Can Pull $2,500 in Funds From Users That Spread ‘Misinformation’ The payments services corporation Paypal reportedly plans to update its user agreement with a new clause added that fights against so-called “misinformation.” A new update added to the…